Sprott Physical Uranium Trust Announces Updated “At-The-Market” Equity Program

TORONTO, Sept. 13, 2021 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that it has updated its at-the-market equity program (the “ATM Program”) to issue up to an additional US$1.0 billion of units of the Trust (“Units”) in Canada.

Distributions under the ATM Program, if any, will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated September 13, 2021 between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald Canada Corporation and Virtu ITG Canada Corp. (collectively, the “Agents”). The Sales Agreement is available at www.sedar.com.

Sales of Units through the Agents, acting as agent, will be made through “at the market” […]

Click here to view original web page at www.globenewswire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.